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20121205
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. the economy was performing reasonably well in the months leading up to the potential fiscal cliff. we saw that in the job numbers for november. we've also seen it in the gdp numbers for the third quarter which rose 2.7% annualized. that doesn't ensure us against a downturn if the fiscal cliff does occur. >>> parliamentary endorsement of the plan will likely pave the way for eindia to push ahead wih more economic reforms. the house vote, lawmakers of a party outside the government helped the governor coalition win 123-109 victory over motion from opposition parties to block retail reform. the lower house rejected opposition to liberalization two days earlier. when the indian government announced the plan in september, it faced strong opposition out of fear that it will make it difficult for smaller retailers to continue in business. one of the government coalition parties left in protest. india is experiencing an economic slowdown this year. its economic growth has been at the 5% level for 3 straight quarters. prime minister sinh intends to reinvigorate the indian economy by easing regulat
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